- Magellan (MAL) will continue producing F-35 Lightning II horizontal tail assemblies with BAE Systems
- The multi-year agreement is a continuation of the companies’ over 10-year relationship collaborating on Lockheed Martin’s global F-35 program
- Foreign militaries procuring and operating the F-35 include Israel, Japan, South Korea, Poland, Belgium, Singapore, Finland and Switzerland
- Magellan is a global aerospace company providing complex assemblies and systems solutions
- Magellan Aerospace (MAL) opened unchanged, trading at $7.52 per share
Magellan (MAL) will continue producing F-35 Lightning II horizontal tail assemblies with BAE Systems.
The multi-year agreement is a continuation of the companies’ over 10-year relationship collaborating on Lockheed Martin’s global F-35 program.
The horizontal tail assemblies produced at Magellan’s facility in Winnipeg, MB, will be used on the Conventional Takeoff and Landing variant of the F-35.
Magellan intends to produce over 1,000 ship sets of horizontal tail assemblies over the life of the program.
International partners on the F-35 program include the U.S., U.K., Italy, Netherlands, Australia, Norway, Denmark and Canada.
Foreign militaries procuring and operating the F-35 include Israel, Japan, South Korea, Poland, Belgium, Singapore, Finland and Switzerland.
“Magellan has been able to achieve and maintain the maximum production rate per year during the COVID-19 crisis. The award of this agreement to Magellan and the ongoing demand for horizontal tails will enable our rate to be maintained for another three years,” stated Phillip Underwood, Magellan’s President and CEO. “Magellan is proud to be contributing to a critical program, from the earliest days, supporting all of the global customers in this unprecedented international enterprise.”
Magellan is an aerospace company providing complex assemblies and systems solutions to aircraft and engine manufacturers, as well as defence and space agencies worldwide.
Magellan Aerospace (MAL) opened unchanged, trading at $7.52 per share.
